FINANCIAL FORUM
Who should pay for the maintenance of exclusive use areas in a sectional title scheme?
Q: Where in the Sectional Titles Schemes Management Act or the regulations does it say that the body corporate pays half of the cost of maintenance in respect of exclusive use areas (EUAs)? I have been advised that according to the act, the body corporate (the trustees) must recover an additional contribution from the owners who are holders of the rights of exclusive use to defray the expenses associated with EUAs, and that these costs include insurance, rates, maintenance and repairs. But our managing agent says the body corporate must pay 50% and the owners with the EUAs must pay the other 50%. Is this accurate? — Name withheld
A: Andrew Schaefer, the MD of property management company Trafalgar, responds:..
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